State Gas SPP closes oversubscribed

STATE Gas’ share purchase plan closed over subscribed and it will accept all valid applications, it said today, giving it additional cash to spend at its Queensland CSG Reid’s Dome project. 

State Gas SPP closes oversubscribed State Gas SPP closes oversubscribed State Gas SPP closes oversubscribed State Gas SPP closes oversubscribed State Gas SPP closes oversubscribed
 
The SPP was made to 719 shareholders with 246 taking up the offer for a value of A$4.9 million, with the average amount $20,000. 
 
It conducted a private placement worth $9.